Ellsworth Advisors LLC Invests $630,000 in Kaiser Aluminum Co. (NASDAQ:KALU)

Ellsworth Advisors LLC purchased a new position in shares of Kaiser Aluminum Co. (NASDAQ:KALU) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,960 shares of the industrial products company’s stock, valued at approximately $630,000. Ellsworth Advisors LLC owned 0.06% of Kaiser Aluminum at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. QRG Capital Management Inc. lifted its holdings in Kaiser Aluminum by 6.0% in the third quarter. QRG Capital Management Inc. now owns 3,810 shares of the industrial products company’s stock valued at $276,000 after acquiring an additional 214 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Kaiser Aluminum by 5.3% in the second quarter. The Manufacturers Life Insurance Company now owns 7,893 shares of the industrial products company’s stock valued at $694,000 after acquiring an additional 394 shares during the period. Point72 DIFC Ltd acquired a new stake in Kaiser Aluminum in the third quarter valued at $41,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Kaiser Aluminum by 20.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,597 shares of the industrial products company’s stock valued at $261,000 after acquiring an additional 605 shares during the period. Finally, CWM LLC lifted its holdings in Kaiser Aluminum by 125.3% in the third quarter. CWM LLC now owns 1,282 shares of the industrial products company’s stock valued at $93,000 after acquiring an additional 713 shares during the period. 99.29% of the stock is owned by institutional investors and hedge funds.

Kaiser Aluminum Price Performance

Kaiser Aluminum stock opened at $73.68 on Tuesday. Kaiser Aluminum Co. has a one year low of $59.52 and a one year high of $102.42. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.60. The business has a fifty day moving average of $75.98 and a two-hundred day moving average of $75.76. The company has a market cap of $1.19 billion, a P/E ratio of 25.49 and a beta of 1.35.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.16). Kaiser Aluminum had a net margin of 1.59% and a return on equity of 6.92%. The firm had revenue of $748.00 million during the quarter, compared to analysts’ expectations of $793.30 million. During the same quarter in the prior year, the business earned $0.46 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. As a group, analysts predict that Kaiser Aluminum Co. will post 2.63 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Friday, January 24th. Kaiser Aluminum’s dividend payout ratio is currently 106.57%.

About Kaiser Aluminum

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.